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a layman's approach to break out and break down |
casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1066 Posted: Tue Jan 04, 2011 11:26 pm Post subject: |
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girishhu1 wrote: | hello casperji,
enclosing chart of hcltech bo at 463.8 level with vol. kindly confirm
regards,
girish |
yes girishbhaiya
this is a bo
but we have resistance around 465 and 475.plz watch out these levels
in daily chart the macd is already bearish, so we need to be careful also
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1067 Posted: Tue Jan 04, 2011 11:33 pm Post subject: |
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hiii sumesh
onmobile has some resistance at bo level itself, we got 89 ema/ monthly and weekly resistance at 312 level
u can buy here with a target of 312 or else buy above a hourly candle close of this level
liberty shoe
what to say? robust set up. target is 125. r2
and sl below r1, means 115
nice finding
i wonder from where u are getting set ups like this???
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newinvestor White Belt
Joined: 16 Feb 2010 Posts: 120
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Post: #1068 Posted: Wed Jan 05, 2011 12:12 am Post subject: |
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[b]sumesh and vishy is service holder, i have a small business, we all remains very busy with our work and our trading also, it is not easy to find set ups and post that everyday. still we do this. just to see some happy faces of our brothers at the end of days. just to have the reason to smile together and enjoy whatever lil bit we can earn from the market this way. we have no intention and practically no reason to advertise ourselves as "experts", all we do is out of our passion for T.A and with a feelings to share whatever we can through this media.
but if any of u take our calls without adhering to proper risk management it can turn the whole thing upside down and ruins our days
because we like to be clear before our inner-selves, so we just cant wash out our hands saying "why he has traded this call? i hav not forced any body!!!! " [/b]
Your efforts are much appreciated. I have gotten interested in TA by following this thread.
Keep up the enthusiasm. There are a lot of happy faces , for sure
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mrvishal_g White Belt
Joined: 17 Sep 2010 Posts: 89
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Post: #1069 Posted: Wed Jan 05, 2011 8:38 am Post subject: |
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Hi Casper ,
You are doing a great job, keep going on.
I am not posting everyday due to time problem and login in ichart due to your thread specially.
Thanks brother
Vishal
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1070 Posted: Wed Jan 05, 2011 9:03 am Post subject: |
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a few charts for today
sell with break down and use a candle close above the bd level as ur stop loss
1.3iinfotech= sell below 61.50, target 60.50,60
2. aartiind= sell below 62, target 60. 58
3.apollotyre= positional buy above 72 and target could be some where around 75.80.85, but this is for positional only
4.cairn= sell belwo 341. target 335
5. dlf= sell below 290, target 285.280
if we get a gap down avoid selling and if we get a gap up then avoid buying
( for considerable gaps only)
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1071 Posted: Wed Jan 05, 2011 9:09 am Post subject: |
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hiii newinvestor , vishal and all
urs support is my only strength
i feel lucky to have such a nice company and i am also learning and loving T.A more and more every day
just i feel that in this kind of market, earning from here is not an easy task, we must learn from our mistakes also and take pre-caution so that our mistakes dont wipe out us from the market
we often, in our conversation, say jokingly " use stop loss so that u dont need to use 'stop trading' "
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #1072 Posted: Wed Jan 05, 2011 9:43 am Post subject: SUN TV... |
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SUN TV...
**********
Above 558.. road open for 580....
-Sumesh
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beowulf White Belt
Joined: 18 Aug 2010 Posts: 163
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Post: #1073 Posted: Wed Jan 05, 2011 9:57 am Post subject: Kilburn Chem |
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KILBURN CHEMICAL showing a BO
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #1074 Posted: Wed Jan 05, 2011 10:53 am Post subject: TTML... |
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TTML....
*********
AT Break in progress....
Above 20.6(also r1 & 50 SMA) for 21.5/21.7/22
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1075 Posted: Wed Jan 05, 2011 12:40 pm Post subject: |
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bhartiartl
breaking down
89 ema is here to arrest the failing knife
if that too broken then target 345
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beowulf White Belt
Joined: 18 Aug 2010 Posts: 163
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Post: #1076 Posted: Wed Jan 05, 2011 1:28 pm Post subject: Jindal Saw |
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Casper/Chrome/Sumesh/Ravi and Experts,
Does Jindal Saw qualify as a BO candidate. The charts look good. LTP today was 207.50 with good volumes. Do you see any issues. Please guide.
Thanks,
Beo
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1077 Posted: Wed Jan 05, 2011 2:00 pm Post subject: Re: Jindal Saw |
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beowulf wrote: | Casper/Chrome/Sumesh/Ravi and Experts,
Does Jindal Saw qualify as a BO candidate. The charts look good. LTP today was 207.50 with good volumes. Do you see any issues. Please guide.
Thanks,
Beo |
yes beo
it bo candidate for sure
if it sustain above 210 then we can expect 220-230 in coming days
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casper Green Belt
Joined: 02 Oct 2010 Posts: 1315
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Post: #1078 Posted: Wed Jan 05, 2011 2:17 pm Post subject: |
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casper wrote: | an analysis of ICICI bank as of 4th January 6.20 pm
i was not asked this question, still i am trying to describe how i see icici bank now. if one of my brothers gets trapped as higher as 1150 and still holds icici bank then the situation becomes quite indigestible for me.
icici closed around 1104, being a basic member, my chart is not updated, so i have marked the zone with dark color in the chart
at this level, we see the lower band of the bollinger band and 23% of fib retracement of previous up move stays. so here we expect a good support
the 5 min and 15 min break up of icici data shows a strong positive divergence which may signal for some up move, not a robust move, still some up move, my experience says it can go up to weekly s1
at the same time we have a double top formation at 1150 level which has broken down today,
now joining the fact of support and double top, we can safely assume that if the stock holds 1100 level then can go up to 1120
and if this stock breaks below 1100, we can expect 1050
now, let us think about what may happen tomorrow and how can we tackle the situation
1. suppose it is holding 1100, then with the stop loss of weekly s2 at 1092, we can buy some more to average our existing position and book the total position at weekly s1 at 1120 or monthly pivot at 1125
2. suppose it is broken down from1100 level then we can buy put of 1100 and target 1050 or wherever it stops, in this case we would not close the 1150 buy position we already have
let icici take support, we will sell the put with good profit and buy another lot of icici in future to average our existing position
then we can sell it when it retrace back to 1100-1125 level again in coming days
that is the two possibilities i can see now
at last i would like to say something
sumesh and vishy is service holder, i have a small business, we all remains very busy with our work and our trading also, it is not easy to find set ups and post that everyday. still we do this. just to see some happy faces of our brothers at the end of days. just to have the reason to smile together and enjoy whatever lil bit we can earn from the market this way. we have no intention and practically no reason to advertise ourselves as "experts", all we do is out of our passion for T.A and with a feelings to share whatever we can through this media.
but if any of u take our calls without adhering to proper risk management it can turn the whole thing upside down and ruins our days
because we like to be clear before our inner-selves, so we just cant wash out our hands saying "why he has traded this call? i hav not forced any body!!!! "
so plz, to keep the things going, help us by using stop loss |
so much thinking so much typing all seems to be in vein
those who are supposed to make profit will make profit and those who are supposed to make loss is making loss
anna was telling me in morning " why are u taking things so personally? dont dictate any one and let them decide what to do, afer all its their money, not urs, so they will decide. u better not force any one"
i was arguing with him. may be i have hurt him also, but looking at the situation, i think he is right. it is said "always listen to seniors" its true
LOOKING AT THE SITUATION, I FEEL, FOR THE GUY I WROTE COVERING ALL THE ASPECTS, IS STILL HOLDING ICICI WITH OUT DOING ANY THING
i am sorry, this is not a market related post. this is just what i felt, and since it is not my personal blog website so i think i would better not write this post
but then i want to be genuine and i really feel that we are a family, thats why writing all these.
u can ignore this post as well, sorry for wasting ur time
but when every one is making more or less money, but one of us is making huge loss, somewhere in me something pricks. this is the reason of this post
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beowulf White Belt
Joined: 18 Aug 2010 Posts: 163
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Post: #1079 Posted: Wed Jan 05, 2011 2:42 pm Post subject: |
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Hi Casper,
Let me assure you that NONE of your typing is in vain
I'm sure everybody here really appreciates all the advice from you and other senior members.
Even Rakesh Jhunjhunwala makes a bad call once in a while. As newbies, we do tend to get emotional about some scripts, maybe we are related to some cos. in some ways or we have missed a chance to make good profits in the past and when the script jumps again, we want to make most of it, now our emotion does not allow to look at the imp factors. I guess everybody learns this way.
So please do provide inputs...a child learns to walk faster if elders hold their hand. But even elders cannot prevent the child from falling, children just pick themselves up and start again. Maybe this is the way to learn trading
You know better
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sherbaaz Yellow Belt
Joined: 27 May 2009 Posts: 543
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Post: #1080 Posted: Wed Jan 05, 2011 3:04 pm Post subject: |
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casper wrote: | casper wrote: | an analysis of ICICI bank as of 4th January 6.20 pm
i was not asked this question, still i am trying to describe how i see icici bank now. if one of my brothers gets trapped as higher as 1150 and still holds icici bank then the situation becomes quite indigestible for me.
icici closed around 1104, being a basic member, my chart is not updated, so i have marked the zone with dark color in the chart
at this level, we see the lower band of the bollinger band and 23% of fib retracement of previous up move stays. so here we expect a good support
the 5 min and 15 min break up of icici data shows a strong positive divergence which may signal for some up move, not a robust move, still some up move, my experience says it can go up to weekly s1
at the same time we have a double top formation at 1150 level which has broken down today,
now joining the fact of support and double top, we can safely assume that if the stock holds 1100 level then can go up to 1120
and if this stock breaks below 1100, we can expect 1050
now, let us think about what may happen tomorrow and how can we tackle the situation
1. suppose it is holding 1100, then with the stop loss of weekly s2 at 1092, we can buy some more to average our existing position and book the total position at weekly s1 at 1120 or monthly pivot at 1125
2. suppose it is broken down from1100 level then we can buy put of 1100 and target 1050 or wherever it stops, in this case we would not close the 1150 buy position we already have
let icici take support, we will sell the put with good profit and buy another lot of icici in future to average our existing position
then we can sell it when it retrace back to 1100-1125 level again in coming days
that is the two possibilities i can see now
at last i would like to say something
sumesh and vishy is service holder, i have a small business, we all remains very busy with our work and our trading also, it is not easy to find set ups and post that everyday. still we do this. just to see some happy faces of our brothers at the end of days. just to have the reason to smile together and enjoy whatever lil bit we can earn from the market this way. we have no intention and practically no reason to advertise ourselves as "experts", all we do is out of our passion for T.A and with a feelings to share whatever we can through this media.
but if any of u take our calls without adhering to proper risk management it can turn the whole thing upside down and ruins our days
because we like to be clear before our inner-selves, so we just cant wash out our hands saying "why he has traded this call? i hav not forced any body!!!! "
so plz, to keep the things going, help us by using stop loss |
so much thinking so much typing all seems to be in vein
those who are supposed to make profit will make profit and those who are supposed to make loss is making loss
anna was telling me in morning " why are u taking things so personally? dont dictate any one and let them decide what to do, afer all its their money, not urs, so they will decide. u better not force any one"
i was arguing with him. may be i have hurt him also, but looking at the situation, i think he is right. it is said "always listen to seniors" its true
LOOKING AT THE SITUATION, I FEEL, FOR THE GUY I WROTE COVERING ALL THE ASPECTS, IS STILL HOLDING ICICI WITH OUT DOING ANY THING
i am sorry, this is not a market related post. this is just what i felt, and since it is not my personal blog website so i think i would better not write this post
but then i want to be genuine and i really feel that we are a family, thats why writing all these.
u can ignore this post as well, sorry for wasting ur time
but when every one is making more or less money, but one of us is making huge loss, somewhere in me something pricks. this is the reason of this post |
Hi,
The more you analysis the more you are prone to be wrong.
Dont get trap in "ANALYSIS PARALYSIS".
Regards,
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